Compliance Specialist in Norwich
Compliance Specialist in Norwich

Compliance Specialist in Norwich

Norwich Full-Time 36000 - 60000 £ / year (est.) Home office (partial)
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At a Glance

  • Tasks: Support compliance with regulations, conduct audits, and provide real-time advice.
  • Company: Join a rapidly growing Insurance Group focused on underwriting and claims services.
  • Benefits: Enjoy hybrid working options and a supportive team culture.
  • Why this job: Make a real impact by fostering a culture of compliance and enhancing data protection.
  • Qualifications: Experience in compliance within Insurance or Financial Services and knowledge of UK GDPR required.
  • Other info: Opportunity to train and support employees on compliance requirements.

The predicted salary is between 36000 - 60000 £ per year.

This vital Compliance role supports this Insurance Group with its responsibilities to comply with Regulatory requirements, internal policies and procedures and meeting the expectations of business partners through due-diligence requests and audits.

Indicative of the importance of this role to the business, this is an additional role to support the Compliance Manager.

As Compliance Officer you will support our rapidly growing Insurance Client who provides underwriting and claims services.

It is possible to work on a hybrid basis, balancing between working at home and in the office.

The main tasks of the Compliance Officer role include:

  • Identification, monitoring and mitigation of compliance, and data protection risks across the business.
  • Compliance monitoring reviews in accordance with the annual compliance monitoring programme.
  • Audits and risk assessments to help the business understand compliance risk, scope, and significance.
  • Review and provide feedback to the business on breaches and incidents.
  • Support the review, maintenance, and organisation of related compliance policies and ensuring the policies are up to date with the relevant laws.
  • Collaborate with Stakeholders to help create a culture of compliance.
  • Provide real-time compliance advice, with regards to the rules, regulation and internal policies that govern the business.
  • Prepare compliance related Management Information for Senior Management.
  • Undertake business reviews to determine compliance with data protection regulations, data security and other related areas, recommending process improvements.
  • Draft and review data protection-related documents and contracts, as required.
  • Provide knowledge and understanding to train, coach, and support employees on data protection compliance requirements, where required.

To be successful as Compliance Officer you will demonstrate:

  • Compliance experience within the Insurance or Financial Services Industry.
  • Good understanding of relevant legislation including the UK GDPR.
  • Ability to simplify and effectively communicate applicable legislation, regulations, and policies.
  • Critical problem solving ability.
  • Excellent verbal and written communication and the ability to challenge at all levels.
  • Ability to build relationships with other Business Units.
  • Strong report writing and presentation skills.

Compliance Specialist in Norwich employer: Employment Specialist

As a Compliance Specialist at our rapidly growing Insurance Group in Norwich, you will be part of a dynamic team that values compliance and integrity. We offer a hybrid working model that promotes work-life balance, alongside a supportive culture that encourages professional development and continuous learning. With opportunities for growth and a commitment to fostering a collaborative environment, we are dedicated to ensuring our employees thrive while making a meaningful impact in the insurance industry.
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Contact Detail:

Employment Specialist Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Compliance Specialist in Norwich

✨Tip Number 1

Familiarise yourself with the latest UK GDPR regulations and compliance standards specific to the insurance industry. This knowledge will not only help you in interviews but also demonstrate your commitment to staying updated in a rapidly changing field.

✨Tip Number 2

Network with professionals in the compliance sector, especially those working in insurance or financial services. Attend industry events or join relevant online forums to build connections that could lead to valuable insights or referrals.

✨Tip Number 3

Prepare to discuss real-life scenarios where you've identified and mitigated compliance risks. Use the STAR method (Situation, Task, Action, Result) to structure your responses, showcasing your problem-solving skills and ability to communicate effectively.

✨Tip Number 4

Research StudySmarter's values and culture, and think about how your personal values align with them. Being able to articulate this connection during your discussions can set you apart as a candidate who is not just qualified, but also a good fit for our team.

We think you need these skills to ace Compliance Specialist in Norwich

Compliance Knowledge
Understanding of UK GDPR
Risk Assessment Skills
Audit Experience
Data Protection Expertise
Regulatory Knowledge
Communication Skills
Report Writing Skills
Presentation Skills
Stakeholder Engagement
Problem-Solving Skills
Attention to Detail
Policy Review and Development
Training and Coaching Skills

Some tips for your application 🫡

Understand the Role: Read the job description thoroughly to grasp the key responsibilities and requirements of the Compliance Specialist position. Tailor your application to highlight how your experience aligns with these specific tasks.

Highlight Relevant Experience: Emphasise your compliance experience within the Insurance or Financial Services Industry. Provide concrete examples of how you've identified, monitored, and mitigated compliance risks in previous roles.

Showcase Communication Skills: Since excellent verbal and written communication is crucial for this role, ensure your application reflects your ability to simplify complex legislation and communicate effectively. Use clear and concise language throughout your CV and cover letter.

Tailor Your Cover Letter: Craft a compelling cover letter that not only expresses your interest in the role but also demonstrates your understanding of UK GDPR and other relevant legislation. Mention how you can contribute to creating a culture of compliance within the company.

How to prepare for a job interview at Employment Specialist

✨Know Your Compliance Legislation

Make sure you have a solid understanding of UK GDPR and other relevant regulations. Be prepared to discuss how these laws impact the insurance industry and provide examples of how you've applied this knowledge in previous roles.

✨Demonstrate Problem-Solving Skills

Prepare to showcase your critical problem-solving abilities. Think of specific instances where you've identified compliance risks and successfully mitigated them, as this will highlight your proactive approach.

✨Communicate Clearly and Effectively

Since excellent verbal and written communication is key for this role, practice articulating complex compliance concepts in simple terms. This will demonstrate your ability to simplify legislation for stakeholders.

✨Showcase Your Relationship-Building Skills

Be ready to discuss how you've built relationships with various business units in the past. Highlight any collaborative projects that required you to work closely with different teams to foster a culture of compliance.

Compliance Specialist in Norwich
Employment Specialist
E
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